Section 203 – School Readiness Restricted Account — Creation — Funding — Distribution of funds.

• (1) There is created in the General Fund a restricted account known as the “School Readiness Restricted Account”.

• (2) The School Readiness Restricted Account consists of:
  • (a) money appropriated by the Legislature;
  • (b) all income and interest derived from the deposit and investment of money in the account;
  • (c) federal grants; and
  • (d) private donations.

• (3) Subject to legislative appropriations, money in the restricted account may be used:
  • (a) to award a grant under Section 35A-15-301 or 35A-15-302;
  • (b) to contract with an evaluator;
  • (c) to fund the participation of eligible students in a high quality school readiness program through a results-based contract; and
  • (d) for administration costs and to monitor the programs described in this part.

Renumbered and Amended by Chapter 342, 2019 General Session